News

Abu-Ghazaleh: IASCA has Helped the Arab Professional Accounting Associations Join IFAC

14-Dec-2021

  • AMMAN – The International Arab Society of Certified Accountants (IASCA), in its capacity as one of the International Federation of Accountants (IFAC) members, participated in the annual online meetings of the IFAC; represented by Mr. Jamal Milhem, IASCA’s board member, and Mr. Salem Al- Ouri, IASCA’s executive director.

     

    The meeting is held annually with the participation of the associations, syndicates, and professional institutions that are members of IFAC to follow up and discuss the professional developments of the auditing profession globally.
  • During the meeting, the election of IFAC’s board of directors was approved, and the new members joined the General Assembly. The financial and administrative reports and the general strategy of the IFAC for the coming years, focusing on several financial sustainability reports and the harmonization of professional standards for technological development, were also presented and approved.

     

    The attendees also discussed the developments and work plans of the International Accounting Standards Board, the International Auditing and Assurance Standards Board, the International Ethics Standards Board of Accountants, and the International Public Sector Accounting Standards Board, in addition to various professional issues to develop the profession worldwide and to contribute to achieving the sustainable development goals.
  • Mr. Milhem indicated that IASCA maintained its membership in  IFAC since 1985 and that IASCA, chaired by HE Dr. Talal Abu-Ghazaleh, worked to strengthen the profession in the Arab world and help Arab countries join the Union, the latest of which was the Yemeni Association of Auditors, and the UAE Auditors Association, and it is expected the Omani Association and the Qatari Association will join next year.

     

    IFAC is the sound of the accounting and auditing profession in the world, and it consists of more than 180 members and professional organizations from 130 countries, representing more than 3 million auditors around the world.
  • IFAC aims to develop the global economy through the establishment of high-level professional standards, where, through specialized boards, it issues international accounting standards in the public sector, international auditing standards, and it offers other assurance services, standards for controlling the quality of performance, and the code of ethical conduct for professional accountants.

     

    IASCA implements many qualification programs for accountants in various sectors, and it organizes professional examinations in accounting in the Arab world. It also translates various international standards issued by IFAC into Arabic to provide them to professionals, scholars, and researchers in the Arab region to enhance knowledge and keep pace with global professional development.
  •  




login